Iran: “We’re blocking the Strait!”
USA: “No, WE are blocking the Strait!!”

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🇮🇷🇷🇺 IRAN'S PRESIDENT IN CALL WITH RUSSIAN COUNTERPART: IRAN IS READY FOR A 'BALANCED AND FAIR' AGREEMENT THAT ENSURES STABLE PEACE AND SECURITY - IRANIAN STATE MEDIA

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🇮🇷 Iran says they will now treat any U.S. military vessels approaching the strait as a ceasefire breach to be “dealt with strongly”.

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🇮🇷 Iran’s Supreme leader on hearing that Trump has joined him to block the Strait of Hormuz

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🇮🇱 Israel's Prime Minister Netanyahu: War continues. Our soldiers are fighting well, including within the security zone in Lebanon.

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🇮🇷 Qalibaf to Trump: If you fight, we will fight, and if you come forward with logic, we will deal with logic, says state media.

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🚨🚨 Google search interest for "price of oil" spiked to its highest level on record in data going back to 2004.

This exceeds the 2022 Russia-Ukraine war and 2008 Financial Crisis peaks by +300%.

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📊 Key Events This Week:

1. Markets React to Failed Negotiations and Hormuz "Blockade" - Today, 6 PM ET

2. March Existing Home Sales data - Monday

3. March PPI Inflation data - Tuesday

4. Philly Fed Manufacturing Index - Thursday

5. Initial Jobless Claims data - Thursday

6. 10 Fed Speaker Events This Week

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BREAKING: 🇺🇸 US oil prices officially surge +10% at the open, rising above $105/barrel, as peace talks between the US and Iran fail to reach a deal.

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BREAKING: 🚨🚨 The US Military says it will begin its Strait of Hormuz “blockade” at 10 AM ET on Monday.

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🇨🇭 Switzerland offers to mediate between US and Iran to end the war.

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🇺🇸 President Trump is looking at resuming limited military strikes in Iran, and 'could also resume a full-fledged bombing campaign' according to Wall Street Journal report.

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🇮🇷 Iranian Foreign Minister Araghchi claims the U.S. & Iran were "just inches away" from an agreement before talks fell through.

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🇮🇷 Iranian Parliament Speaker says "enjoy" the current gas prices.

"Soon you'll be nostalgic for $4–$5 gas."

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🇺🇸 ELON MUSK: ''Google will win the AI race in the West, China on Earth and SpaceX in space.''

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🚨 Indonesia's rupiah falls to record low of 17,130 per US Dollar.

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